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July 21, 2014
08:44 EDTMTLMechel receives Russian Railways Certification for shipping rail batch
Mechel OAO reports the beginning of the certification process for its 100-meter rails intended for general use, produced at Chelyabinsk Metallurgical Plant's universal rolling mill. A batch of rails produced at Chelyabinsk Metallurgical Plant was sent to the town of Scherbinka near Moscow for laboratory and field tests at the experimental railway ring of Railway Research Institute JSC. As per the requirements set in the Certification Register of Federal Railways, the rails' right to undergo certification was confirmed during preliminary tests that were held at Chelyabinsk Metallurgical Plant by a Russian Railways commission. The plant's rail products passed preliminary testing on all points and are fully up to Russian Railways demands. The rails certification batch was produced using a unique technology of heat treatment in an organic polymer solution, which has no analogies in Russia. The universal rolling mill's annual capacity is 1.1M tonnes. Once the mill reaches its project capacity, it will supply up to 400,000 tonnes of rails intended for general use, of high resistance to wear and contact endurance for high-speed railways, as well as rails for use in low temperatures.
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February 18, 2015
09:29 EDTMTLMechel reports disposal of Mechel Bluestone
Mechel has closed a deal on the disposal of Mechel Bluestone, including its mining operations, to a company owned by the Justice family. The deal includes: an immediate cash payment of $5M royalty payments on coal mined and sold in an amount of $3.00 per ton portion of any future sale of the company and/or its assets of 12.5% of the sale price if within five years of transaction close or 10% of the sale price after year five, but before year ten. In addition, as part of the transaction, the parties agreed to terminate all claims against each other, including their unresolved dispute related to the calculation of a contingent payment obligation arising out of the 2009 transaction in which Mechel obtained the Bluestone assets from Justice.

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